Monday, September 29, 2008

Bad Assets Sold to US Taxpayers for $700B

What started as a fairly simple three-page proposal giving the Treasury secretary unchecked power to orchestrate a bailout of the country’s financial system ended up as a complex rescue package, with enhanced congressional oversight, some added protections for taxpayers and a slap on the wrist to highly paid, underperforming executives.

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11-5-2024

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